2 Bed Flat, Single Let, Chichester, PO19 5PF, £229,950

65 WOODLANDS LANE, CHICHESTER, WEST SUSSEX, PO19 5PF - 7 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~56 m²
+4 photos

ValuationOvervalued

Sold Prices£186.5K - £450K
Sold Prices/m²£2.7K/m² - £5.1K/m²

 

 

Square Metres

~56.40 m²
Price/m²£4.1K/m²

Value Estimate

£204,649

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,488

Stamp Duty & Legal Fees

£12,698

Total Cash In

£70,185

 

 

Cash Out

 

Rent Range

£995 - £1,600

Rent Estimate

£1,206

Running Costs/mo

£980

Cashflow/mo

£226

Cashflow/yr

£2,714

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £186.5K to £450K, average is £260K. £2.7K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£310K06/210.16 miFlat 23, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£450K01/240.16 miFlat 19, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£365K02/210.17 miFlat 6, Forbes Place, King George Gardens, Chichester, West Sussex PO19 6LF2
£220K12/220.17 mi33, Parchment Street, Chichester, West Sussex PO19 3BX2
£262K12/200.18 miFlat 18, Downland Court, Somerstown, Chichester, West Sussex PO19 6AQ2
£238K09/210.25 miFlat 11, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£237K01/230.25 miFlat 17, Festival Court, Somerstown, Chichester, West Sussex PO19 6AE2
£195.5K06/210.3 miFirst Floor Flat, 32, Carleton Road, Chichester, West Sussex PO19 3NU2
£240K03/230.32 mi1, Orchard Gardens, Chichester, West Sussex PO19 1DG2
£199.9K08/230.38 mi64, Newlands Lane, Chichester, West Sussex PO19 3AS2
£275K03/210.39 miFlat 7, Regnum Court, North Walls, Chichester, West Sussex PO19 1BZ2
£240K10/230.4 mi19, Broyle Close, Chichester, West Sussex PO19 6BG2
£212.5K06/230.48 mi5a, Crane Street, Chichester, West Sussex PO19 1LH2
£248K06/210.48 mi2b, St Cyriacs, Chichester, West Sussex PO19 1AN2
£190K07/210.48 miFlat 27, The Maltings, Henty Gardens, Chichester, West Sussex PO19 3DW2
£330K03/230.49 mi2, Henty Gardens, Chichester, West Sussex PO19 3DL2
£395K06/210.49 mi6, Henty Gardens, Chichester, West Sussex PO19 3DL2
£245K08/230.49 mi17, Henty Gardens, Chichester, West Sussex PO19 3DL2
£270K02/210.56 miFlat, 75a, North Street, Chichester, West Sussex PO19 1LQ2
£192K03/210.59 mi36, Bishop Luffa Close, Chichester, West Sussex PO19 3LS2
£330K06/210.6 mi12, St Bartholomews Close, Chichester, West Sussex PO19 3EP2
£352.5K02/240.61 mi4, Penny Acre, Chichester, West Sussex PO19 6DY2
£355K11/200.65 mi100, Shippam Street, Chichester, West Sussex PO19 1AY2
£330K03/240.65 mi12, Tannery Close, Chichester, West Sussex PO19 3EY2
£195K01/210.65 mi30, Bishop Luffa Close, Chichester, West Sussex PO19 3LR2
£304.9K08/210.66 mi12, Tannery Close, Chichester, West Sussex PO19 3EY2
£250K05/210.67 mi66, Longley Road, Chichester, West Sussex PO19 6DD2
£260K08/230.67 mi138, Longley Road, Chichester, West Sussex PO19 6DD2
£269.5K06/210.71 miFlat 10, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£270K03/210.71 miFlat 19, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£255K05/210.71 miFlat 29, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£251.8K12/200.71 miFlat 21, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£269K07/210.71 miFlat 23, Herondean, The Avenue, Chichester, West Sussex PO19 5JT2
£380K08/230.72 mi21b, St Johns Street, Chichester, West Sussex PO19 1UP2
£235K12/220.72 miFlat 5, Sharp Garland House, East Walls, Chichester, West Sussex PO19 1EX2
£353K03/210.74 mi220, Longley Road, Chichester, West Sussex PO19 6EA2
£260K06/230.74 mi246, Longley Road, Chichester, West Sussex PO19 6EA2
£213K03/210.75 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£213K03/210.75 mi47, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£210K11/220.75 mi46, Bewick Gardens, Chichester, West Sussex PO19 6FS2
£212.5K03/210.75 mi30, Lennox Road, Chichester, West Sussex PO19 6SY2
£360K01/210.76 miFlat 3, Garden House, The Avenue, Chichester, West Sussex PO19 5PT2
£320K02/230.76 mi4, Plainwood Close, Chichester, West Sussex PO19 5YB2
£186.5K10/230.77 mi87, Lennox Road, Chichester, West Sussex PO19 6SZ2
£280K03/240.82 mi92, St Agnes Place, Chichester, West Sussex PO19 7TU2
£336K05/230.82 mi65, St Agnes Place, Chichester, West Sussex PO19 7TU2
£200K09/210.82 mi156, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£225K03/230.82 mi160, Winterbourne Road, Chichester, West Sussex PO19 6RS2
£369K10/220.83 mi11, St Agnes Place, Chichester, West Sussex PO19 7TN2
£345K07/230.83 mi31, St Agnes Place, Chichester, West Sussex PO19 7TN2

Local Rents

33 rents from £995/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15003/250.16 mi-2
£1,25007/240.16 mi-2
£1,20007/240.17 miPaulus Court, Somerstown2
£1,50007/240.19 miCavendish Street, Chichester, PO192
£1,50008/240.19 mi-2
£1,50012/240.19 mi-2
£1,25007/240.21 mi-2
£1,30003/250.21 mi-2
£1,20008/240.25 miFestival Court, Chichester2
£1,20008/240.29 miHawthorn Close, Chichester2
£1,25009/240.3 miHawthorn Close, Chichester2
£1,25007/240.3 miHawthorn Close, Chichester2
£1,38008/240.35 mi-2
£1,38007/240.35 miOrchard Street, Chichester, PO192
£1,29507/240.37 miDurnford Close, Chichester2
£1,30008/240.37 mi7 Wolfe Close, Chicheste2
£1,35006/240.37 miCharlotte Avenue, Chichester2
£99507/240.38 miNewlands Lane, Chichester2
£1,30007/240.41 miWolfe Close, Chichester2
£1,35008/240.46 miFranklin Place, Chichester2
£1,39506/240.5 miWall Cottage Drive, Chichester2
£1,25006/240.52 miNorth Close 2
£1,60006/240.54 miThe Chambers, Chapel Street, Chichester, West Sussex, PO192
£1,25007/240.54 miChapel Street, Chichester, PO192
£1,25007/240.54 miChapel Street, Chichester, PO192
£1,29507/240.55 miJubilee Road, Chichester PO192
£1,25007/240.55 miMcNeil House, Charlotte Avenue, Rousillon Park, Chichester, PO192
£1,55007/240.56 mi2 bedroom End Terrace House in Chichester2
£1,30008/240.56 mi2 bedroom First Floor Flat in Chichester2
£1,35007/240.57 miWestgate, Chichester, PO192
£1,30008/240.57 miWest Street, Chichester, PO192
£1,37507/240.6 miSt Bartholomews Close, Chichester2
£1,35008/240.62 miThe Lane, Chichester2

Local Area Statistics

Population in PO19

30,184

Population in Chichester

75,877

Town centre distance

0.56 miles away

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+44%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £229,950

March 8, 2025

Listed for £240,000

September 20, 2024

Floor Plans

Description

  • Ground Floor Apartment +
  • Favoured Chichester Location +
  • Spacious Sitting Room +
  • Fitted Kitchen +
  • Two Bedrooms +
  • Bathroom +
  • Access Onto Communal Garden +
  • Designated Parking Space +
  • No Onward Chain +

GROUND FLOOR APARTMENT located within easy walking distance to Chichester CITY CENTRE and its many AMENITIES including SHOPS, RESTAURANTS and TRAVEL LINKS. Spacious SITTING ROOM, fitted KITCHEN, 2 BEDROOMS, BATHROOM & PARKING SPACE.

A well-appointed ground floor apartment in a central location, within easy access of Chichester city centre and its many amenities. The development is set on the much favoured north side of the city, being an easy walk into the varied shopping centre, as well as the cafes and restaurants.

The Festival theatre is also not far and there are lots of sporting activities in the area, including golf and racing at Goodwood and sailing at Chichester Harbour.

The property would benefit from some updating and accommodation briefly comprises entrance hall with storage cupboard and door to the good-sized lounge/dining room, with French doors opening onto the garden.

The kitchen is fitted with a range of units, with space for appliances. There are 2 double bedrooms, with built-in wardrobe to bedroom 1.

The bathroom is fitted with a white suite consisting of bath with shower over, wash basin and WC.

Tenure - The property is subject to a 125 year lease from 1991, with 91 years remaining. Service charge £569.00 payable twice yearly (£1,138.00 per annum) and there is no ground rent.

Disclaimer... - As the seller's agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.

Directions... - From the Northgate circulatory system, take the turning north into St Paul's Road. After a short distance, turn right into Little Breach and then first left into Woodlands Lane. Continue towards the end, turning left near the top of the road.

Agent Details

Sims Williams, Chichester

01243 973402

Next Steps?

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